USDJPY Weekly Analysis – October 4, 2015

USDJPY continued its sideways movement in a narrow range between 118.58 and 121.62. As long as 118.58 support holds, the sideways movement could be treated as consolidation of the uptrend from 116.13, further rise to 125.00 area could be expected after consolidation. Key support is at 116.13, only a break below this level could bring price to 110.00 area.